Weekly News Letter (Dated 25 -- 29 June 2018) Visit: http://www.ibnservices.in or http://ibnservices.blogspot.in or http://nse-bse.blogspot.in or http://mcx-ncdex.blogspot.in
Weekly News Letter
Date : 25 – 29 June 2018
Prepared By: Manish Kumar Sarraf (Prop. IBN Services)
Designation: Research Analyst, SEBI Reg No. INH100001948
Address: K-7, 2nd Floor, Bal Udhayan Rd, Uttam Nagar, New Delhi-59
Phone: (91) 011-28565999; 9899909899; 9968443444; 9311353399
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Support & Resistance
NIFTY:
Last Close: 10821.85 (Up 4.15)
Resistance Levels: 10850, 11200, 11400, 11600, 12000
Support Levels: 10400, 10200, 10000, 9800, 9600
SENSEX:
Last Close: 35689.60 (Up 67.46)
Resistance Levels: 35700, 36500, 37300, 38000, 40000
Support Levels: 34000, 33200, 32500, 31800, 31000
Sensex Range This Week: 34000—36000 above which it will touch 37000+ & Below Target 33000; Good Resistance Closing Abv 36000.
Market Commentary:
Market can show profit booking this week due to F&O expiry and high volatility can be seen. The monsoon related news can dampen the spirit of bulls. Many frontline stocks can profit booking whereas small-cap and mid-cap stocks trading in F&O can show short covering. Hot sectors this week: Cement & IT.
Hot picks for this week:
CANFINHOME, CGPOWER, INDIACEM, ITC, IDFCBK, GODFRYPHLP, RELIANCE, TCS, BATAINDIA, INFY, NIITTECH, MARUTI etc.
Last week's profits: INDIACEM – Rs. -21000.00
TCS Fut. – Rs. 0.00
ACC Fut. - Rs. 0.00
RELIANCE Fut. - Rs. 57400.00
BANKNIFTY (Options) – Rs. 22400.00
Trading picks for this week:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT 1 | TGT 2 & 3 | SL | COMMENTS | |||
Hot picks for this week | ||||||||
INDIACEM (112.35) | Must Buy Arnd 111-107 | 118 | 121—125+ | 105 | Trader can buy at any dip with hedge of option | |||
TCS (1813.40) | Sell Fut. At 1820—1860 | 1730 | 1695—1660 | 1900 | All IT stocks can show some profit booing now. | |||
Derivative- Future (Strategy for this week) | ||||||||
ACC (1295.35) | Must Buy At 1292--1265 | 1350 | 1380—1410 | Bel 1240 | Max Profits: Unlimited | All cement stocks are showing strength. | ||
ACC Put 1280 (8.45) | Buy when you Buy Fut. | Hedging Position | Min Loss: Rs. 10000 | |||||
RELIANCE (1009.55) | Sell Around 1015—1035 | 965 | 945—925 | Abv 1050 | Max Profits: Unlimited | High Risk High Gain strategy for this week. | ||
RELIAN CE 1020 (7.60) | Buy when you Sell Fut. | Hedging Position | ||||||
Min Loss: Rs. 15000 | ||||||||
Derivative- Option Strategy | ||||||||
BANKNIF PE26700 (120) | Must Buy Arnd Cmp-80 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Good strategy for this week, keep spot SL 27000 | ||||
BANKNIF CE27000 (84) | Sell 2 Lot with PE26700 | Min Loss: Rs. 11000 | ||||||
|
Weekly News Letter (Dated 25 – 29 Jun 2018) Performance Report: Maximum Profit/Loss: Rs. 58800.00
SCRIPT | TRADE PRICE | TGT | PROFIT / LOSS | UNIT | NET Profit / Loss |
INDIACEM | Buy Around 111 | 105 | - 6 | 3500 | Loss Rs. 21000.00 |
TCS Fut. | Sell Fut. At 1850 | 1850 | 00 | 500 | Profit Rs. 0.00 |
ACC (Fut./ Opt) | Buy/ Sell- 0 / 0 | 0 / 0 | Price Not Met | 400 | Profit Rs. 0.00 |
RELIANCE (Fut./Opt) | Sell /Buy- 1010 /7.7 | 945 / 0.10 | 65 – 7.60 = 57.40 | 1000 | Profit Rs. 57400.0(Super Call) |
BANKNIFTY (Option) | Buy/Sell- 120 / 81 | 520 / 1 | 400 +(2*80) = 560 | 40 | Profit Rs. 22400.00 |
Note: Actual result may vary from one's trading habit & sentiment, the above results are calculated based on given trading ranges and actual prices traded on exchanges. This should not be interpreted with actual profit & loss of any client.
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